A new book by Maggie Haberman and Jonathan Swan alleges that US Treasury Secretary Scott Bessent called Ukrainian President Volodymyr Zelenskyy a "little fucker," a "special-needs child," and "Mr Bean on crack." Bessent also reportedly advised Donald Trump not to host Zelenskyy in the Oval Office.
Bitcoin-linked digital-credit products, designed for income, experienced significant volatility and price drops due to leveraged investors facing margin calls. Issuers like Strategy and Strive saw their preferred shares slide, highlighting risks in the nascent market.
Former Ethereum Foundation contributor Trenton Van Epps warns of an impending funding crisis for Ethereum's core development, estimating a need for $30 million annually. This follows spending cuts and program expirations, alongside departures from the Foundation.
The UAE Ministry of Finance has launched the country's first Sovereign Retail T-Sukuk programme, allowing residents and citizens to invest in Shariah-compliant government Islamic Treasury Sukuk with a minimum of Dh1,000. This initiative aims to encourage saving, broaden financial inclusion, and deepen local capital markets.
Reports indicate tension between US Treasury Secretary Scott Bessent and National Cyber Director Sean Cairncross regarding the government's response to advanced AI models, particularly Anthropic's 'Mythos'. The dispute centers on urgency and involvement levels, though the White House denies any division.
Andy Burnham, Mayor of Greater Manchester, has enlisted three prominent economic advisors, including former Bank of England chief economist Andy Haldane, to bolster his fiscal credibility. This move precedes a potential return to Parliament via the Makerfield by-election and a possible challenge to Keir Starmer's leadership.
Strategy's preferred stock (STRC) plunged to an all-time low of $82.53 on Thursday, raising investor concerns about the company's ability to manage fixed obligations. Analysts suggest a dividend hike may be imminent to support the stock price.
Treasury yields saw minimal movement Thursday following a significant jump Wednesday after Kevin Warsh's initial Federal Reserve meeting as chair. The Fed maintained its benchmark rate but signaled a more hawkish stance, removing language on future rate cuts. Warsh abstained from submitting a rate forecast, opting instead to form task forces.
Treasury yields showed mixed movement Thursday after Kevin Warsh's initial Federal Reserve meeting. The 10-year yield was flat, the 2-year rose, and the 30-year fell. The Fed held rates steady, signaling potential future hikes and removing language favoring cuts, bolstering market confidence in Warsh's approach to inflation.
The US has allowed a sanctions waiver for Russian crude oil to expire, potentially impacting India's energy imports. This move follows a US-Iran understanding for a peace deal and the normalization of oil supplies through the Strait of Hormuz.
Treasury yields rose Wednesday after the Federal Reserve, led by Kevin Warsh, signaled a potential rate hike later this year. The 2-year Treasury note yield climbed 13 basis points to 4.178%, and the 10-year U.S. Treasury note yield rose 4 basis points to 4.465%.
US Treasury yields increased Wednesday after the Federal Reserve, under Kevin Warsh, maintained interest rates and removed language suggesting future cuts. Officials now anticipate potential rate hikes in 2026, with the median estimate for the Fed Funds Rate ending 2026 at 3.8%.
US Treasury yields saw minimal change on Wednesday as markets awaited the Federal Reserve's policy meeting, the first under new Chair Kevin Warsh. Investors anticipate interest rates will remain unchanged, but are keen to observe Warsh's communication style and potential views on future policy.
One Nation's "treasury spokesman" Barnaby Joyce stated the party is willing to cut worker entitlements, including protections from termination and paid parental leave, to support struggling small businesses facing inflation and high power prices. Senator Pauline Hanson suggested rebalancing workplace laws in favor of businesses, citing issues with worker productivity.
A data leak has exposed the membership of Dialog, an invitation-only society co-founded by Peter Thiel. The leaked roster includes powerful figures from politics, tech, and defense, with a retreat planned near Dublin. The leak also revealed unusual session topics and a dating app for members.
A data leak has exposed the membership of Dialog, an invitation-only society co-founded by Peter Thiel. The leaked roster includes powerful figures from politics, tech, and defense, with a retreat planned near Dublin. The leak also revealed unusual session topics and a dating app for members.
US Treasury yields edged higher Wednesday as investors awaited the first Fed policy meeting under new Chair Kevin Warsh. While rates are expected to hold steady, focus is on Warsh's communication and potential dovish signals, contrasting with 8 years under Jerome Powell. UK inflation eased slightly, causing gilt yields to fall.
A bipartisan group of US senators, led by Cynthia Lummis, urged the Treasury to allow state authorities to regulate stablecoin issuers under the GENIUS Act. They emphasized preserving the dual banking system and ensuring a flexible state certification process for stablecoins under $10 billion market value.
US Treasury yields declined Tuesday as the Federal Reserve's policy meeting started. Easing inflation expectations and a provisional peace agreement between Washington and Tehran contributed to the drop in yields, with the 10-year note falling over 4 basis points.
US Treasury yields remained largely unchanged Tuesday as the Federal Reserve commenced its policy meeting. Expectations for inflation and interest rate hikes have eased, partly due to a provisional peace agreement between Washington and Tehran, potentially reopening the Strait of Hormuz.
US Treasury yields remained largely unchanged on Tuesday as investors anticipate the Federal Reserve's policy meeting. Expectations for inflation and interest rate hikes are easing, partly due to a provisional peace agreement between Washington and Tehran that could reopen the Strait of Hormuz.
Britain's military may have to scale back operations and exercises in the coming years if the Ministry of Defence doesn't receive additional funding. Chief of Defence Staff, Rich Knighton, expressed concern over day-to-day budgets, noting a shift from capital to resource spending over two decades.
US Treasury yields declined Tuesday ahead of the Federal Reserve's policy meeting, with easing inflation and interest rate hike expectations. A provisional peace agreement between Washington and Tehran also contributed to the fall.
Treasury yields declined Monday following news of a preliminary peace agreement between the US and Iran. Oil prices also fell sharply. Investors await the Federal Reserve meeting and key economic data.
